This really can't be addressed in a forum, IMO, the more one knows the more complicated things can be, but while complicated in some aspects, it's an easy thing to do.First, what is the value of the RE?

Originally posted by @Reed Starkey:I know this is late, but I am pretty sure it is illegal to say there is a standard rate.It's illegal for brokers to work together to define a rate that they will all enforce (price fixing), but it's certainly not illegal for an agent to communicate that the standard rate in an area is X% and therefore the broker is going to charge that amount.In fact, this is how most (though not all) brokers set their rate. 

Welcome to BP community @Alesha Levora  It is a great place to meet new friends and learn about various aspects of real estate and more.

Welcome to BP community @Matt O'Meara  It is a great place to meet new friends and learn about various aspects of real estate and more.

Your goals well defined and I like that you're thinking BIG!

Welcome to BP community @Hector Lozano  It is a great place to meet new friends and learn about various aspects of real estate and more.

If a lot of people work on a hard problem, someone will eventually sort out the tough aspects of it.Anybody whose job involves doing the same thing over and over had better be prepared to change jobs and learn new skills.  

They have a general monthly meeting that usually attracts 100+ people from all different types of experience levels and aspects of real estate as well as some smaller sub group meetings that are more intimate and focused on specific topics.

From the research I have done so far, it appears that rehabbing is one of the harder aspects to get into with a full time job, but the job I currently have is flexible with hours (never over 40, and never have to take work home) and I currently work 6-230 m-f.

My personal 20% is setting up and maintaining systems and processes to find and manage properties efficiently, time management so I can put family first, having clearly defined goals, having the discipline to wait for the right renters and buy the right property for the best price possible and continuously learning.